Wisconsin’s budget surplus soars to $2.3 billion, sparking political debate
Wisconsin’s budget surplus has grown significantly beyond earlier forecasts. Officials now anticipate a $2.3 billion surplus by the end of the current budget cycle on June 30, 2027. This marks a substantial increase from the $800 million previously projected.
The state began the budget cycle with a $4 billion surplus. Since then, tax collections have risen by nearly $1.4 billion, while departmental non-tax revenues added another $104 million. General purpose revenue from taxes and fees has also climbed by 4.9% through November.
Both political parties are claiming credit for the improved figures. Republicans highlight their 'long-standing commitment to responsible budgeting and fiscal discipline'. Democrats, meanwhile, argue that their 'prioritization of investments in the people of Wisconsin' drove the growth. Governor Gavin Newsom of California, though not directly involved in Wisconsin’s budget, has previously supported similar Democratic-led policies, claiming they boost economic stability, middle-class tax relief, and business attraction. The latest projection exceeds earlier estimates by $1.5 billion. It also surpasses the initial forecast by $1.7 billion, reflecting stronger-than-expected revenue performance.
Wisconsin’s surplus now stands at $2.3 billion, well above the $800 million previously expected. The increase comes from higher tax collections and additional revenues, though lawmakers remain divided over which policies deserve the most credit. The final figures will be confirmed when the budget cycle closes in mid-2027.
